topic Re: Amex PRG - Spending power in Credit Cards

Amex PRG - Spending power

PandiferBear — Thu, 14 Aug 2014 02:42:36 GMT

Okay. Once again here with a perhaps silly question. I recently got my PRG. I am wanting to get the sign-up bonus (obviously). But, I do not want to have my card declined. I have read that checking your spending limit can send up flags. I just want to know what they are comfortable with me spending in the next month (maybe $1500?). If I put a lower amount like that in just to see, will it be okay? I know that NPSL can vary over time, but I would be more comfortable just knowing......something. This is my first NPSL and I am trying to get acclimated. Any advise is very welcome. Thanks in advance.

Re: Amex PRG - Spending power

navajomyst2003 — Thu, 14 Aug 2014 02:47:17 GMT

I used to play with that button just to see if the card was cleared for something like a $28,000 purchase (and it was), until I read about the red flag potential. I think if you put in an amount that is a reasonable estimated spend, then it shouldn't be an issue. You can always ask them through chat.

Re: Amex PRG - Spending power

PandiferBear — Thu, 14 Aug 2014 02:52:19 GMT

@navajomyst2003 wrote:
I used to play with that button just to see if the card was cleared for something like a $28,000 purchase (and it was), until I read about the red flag potential. I think if you put in an amount that is a reasonable estimated spend, then it shouldn't be an issue. You can always ask them through chat.

Thanks for the input. That makes me feel a bit better about my $1500! I bet it is not unusual for someone to just try it, especially when they are first setting up their online account. I would have checked it out normally, except for what I have read about it here.

Re: Amex PRG - Spending power

jamesdwi — Thu, 14 Aug 2014 02:53:21 GMT

@PandiferBear wrote:
Okay. Once again here with a perhaps silly question. I recently got my PRG. I am wanting to get the sign-up bonus (obviously). But, I do not want to have my card declined. I have read that checking your spending limit can send up flags. I just want to know what they are comfortable with me spending in the next month (maybe $1500?). If I put a lower amount like that in just to see, will it be okay? I know that NPSL can vary over time, but I would be more comfortable just knowing......something. This is my first NPSL and I am trying to get acclimated. Any advise is very welcome. Thanks in advance.

try the test your spending button, with the amount of your bills plus 50%, or just your monthly gross income, it should be approved, then you can relax. Just a hint if you do try an insane number in the test your spend button, don't use the card for a few days, make it a small purchase when you do. I like to use the button, just a few minutes before I PIF, so they know I'm not going to go spend crazy and ask for even more than I allready have.

Just a note I haven't used the Amex Zync card for more than myfico subscription ($15) in months did a test spend test and was approved for $15k. more than my reported monthly income by far.

Re: Amex PRG - Spending power

PandiferBear — Thu, 14 Aug 2014 03:09:18 GMT

Thanks for the advice. I checked for the $1500, and I am good. I will not be needing the card for more than that in any given billing cycle anytime soon, so that is great to know.

Re: Amex PRG - Spending power

Stralem — Thu, 14 Aug 2014 03:14:30 GMT

@PandiferBear wrote:
Okay. Once again here with a perhaps silly question. I recently got my PRG. I am wanting to get the sign-up bonus (obviously). But, I do not want to have my card declined. I have read that checking your spending limit can send up flags.

There are a lot of myths, half-truths, and flatout FUD surrounding Amex on these forums, and this is one of them.

Think about it: What would be the purpose of punishing customers for inquiring about their actual spending limits? How does that even begin to make sense?

@PandiferBear wrote:
If I put a lower amount like that in just to see, will it be okay?

You could put in a gorillion dollars and you'd be fine. Case in point:

@PandiferBear wrote:
This is my first NPSL and I am trying to get acclimated. Any advise is very welcome. Thanks in advance.

Think of it like a really, really expensive debit card and you'll be fine.

Re: Amex PRG - Spending power

PandiferBear — Thu, 14 Aug 2014 03:25:03 GMT

Yeah, I think I will lay off asking for millions right now.

Re: Amex PRG - Spending power

MT936 — Thu, 14 Aug 2014 05:24:03 GMT

If it is your first card with Amex and you have had no prior relationship with them I would take it easy first couple months